Topic: Just-Dice.com : now with added CLAMs : Play or Invest - page 199. (Read 454769 times)

Yes. Higher probability of rising does not mean absence of profits' fall. In a statistically sound game they will fall at some point below the mean of 1%.

However, gambling games are not statistically sound. Because of various factors you as the operator stand additional advantages such that house profit margin will likely settle to well above the house edge %. These factors include:

* players' behavioral & psychological shortcomings (they tend to lose much more than win)
* house's larger bank (you won't go bankrupt while players will, destroying their chance to get paid back by variance)
* house's more precisely followed money management

These are the reasons why even a gambling operation with 0% house edge and as large bank and yours is feasible.

Ahh, it just happened that someone lost 200 btc in a row right after my post. But such streak was not expected. My supposition of 10% decline was much more expected and thus statistically wise decision.

That said, I must give you relief and disclose I'm absolutely the worst case of gambler's fallacy you have ever seen! If the statistical arguments eventually fail, I'm equipped to go into metaphysical discussion including the collapse of wave function and the significant role of conscious observer in the actualization of probabilities for seemingly random events. To top that off we'll not be limited of the probabilities of future events, but would discuss the observer dependent probability of past events (which is not 1 when we get into quantum physics) However, the place for that is not here.

Variance causes profits to rise just as it causes them to fall.  With a positive house edge it causes them to rise with higher probability than that of them falling.

You missed out by not investing.  Profits did increase, to 2001 from 1794.  They may well fall back to 10% less than 1794 at some point.  But they're more likely to hit 2400 than 1600 from here.

I'm sorry about that.  Someone has been attacking the site by continually reconnecting to it.  If you connect over and over it will temporarily block your IP address.  Like you say, using a device with a different IP address will fix the problem, as will waiting for the block to expire.

Or just contact me using the email address in the 'contact' section of the FAQ and I can manually unblock your IP address.

Few pages back he explained it. Since there are so many bets per second he can't show every one. The real small bets won't always be shown.

I cannot access the site from my computer, only from my phone.  When I try to go to just-dice from my computer there is a message that is telling me "No."

Are you still having problems logging in to the site?
Deb

Is the site down?  This is my first time working with Just-Dice and I was trying it out and sent .18 bitcoins to my account, waited about 30 minutes and still didn't see anything in my account, and now when I reload the page all that I am getting is a single word in the top right that just says "no."

What does this mean?  I am not too happy that I sent coins and then all of a sudden I just get a random page that says No to me.

Edit: I can get to the site from my phone and login to my account. So what's going on from my computer?

Yes. I'm guessing it's a combination of selective sending as well as marking the message as volatile.

i believe it displays a minimum of 1 per second, and every bet over a certain threshold

On the main betting page, the betting ID's are not one after another but jump ahead.

22716535
22716523
22716492

Does this mean the main betting page is only showing a small section of all the current real-time bets?

Even if they were, the hot pocket would be quickly empty

That is a good idea indeed. Locking the withdrawal addresses.

Although it must of prime important to make sure that no hacker is able to crack the gambling code to win thousands on bitcoins in a short amount of time.

As a investor, I would like to see even more security countermeasures added to prevent theft.  I google 2-pass auth is great but for investors to leave a significant amount of funds on the site, I would like to see a counter-measure so that even if the phone is compromised funds cannot be withdrawn.  My suggestion, allow investors the option to set a finite list of bitcoin addresses (say 5) that are the only bitcoin account they can withdraw bitcoin from the site to - this way even if the account is compromised, the bitcoin cannot be withdrawn away (though I suppose a truly malicious attacker could gamble it away).  Still, just the presence of such a security mechanism would desuade attackers from pursuing this route.

Should the legitimate owner have lost access to his wallet and therefore these keys, then they will need to email you to change the bitcoin address lock.  One mechanism can be when they first activate a lock they answer a security question ("Mother's maiden name?, First Pet's name?, etc) and they need to provide that to you to have you manually unlock the bitcoin address lock.

The exchange https://fbtcexchange.com/ uses this type of security mechanism.

I hate to contradict you fine fellas, but gambler's fallacy does not take into account variance. Ironically, that's why so many skilled gamblers still win despite the house edge. 

Correct, not necessarily. However, given the large variance, most often you will take a loss that will materialize unless you are ready to wait out for the variance's rebound to the positive side, or the house edge even out the negative variance in the unforeseeable future.

I must disagree - although I understand your use of the term "in short", it should be clarified that your sentence applies only in long term. The percentage profit is expected to fall because variance temporarily causes more losses to the house than we should statistically expect given very long (or infinite, requiring on parameters investigated) time.

For the reasons presented, I am not investing now, and would be willing to bet that the absolute number of BTC that the site is up will be coming down at least 10% from the current number of 1794.

dooglus, a suggestion. And I'm sure you've thought of this already, but just in case you haven't. Have "verified" accounts or have accounts flagged as "non-spammer" or "regular".. Basically, your countermeasures are not used for those particular accounts.

Brand new accounts are treated as normal. Regular accounts are accounts of people you know for sure are legit players (like me, #15 and others you know are not using spam bots. It is also likely that regular accounts have deposits, and spam accounts don't actually play the game.

And for those people intending to encrypt their chat messages, just don't chat private information on the game web site chat. Go PM or email each other directly.

Glad to have you back, of course!
Mom

Seems to be working fine now at least on my side

Is it working for you now, Bow?
Deb

It's up here, just running slow.

Dooglus, I would like to still use your site, but unless I use my VPN that gives me another ip and I can't get to your site. So I guess I will use the contact us feature of your website. Crazy thing is you where on chat???